The euro touched multi-month lows against the dollar and yen on Wednesday as investors fret about the impact on the eurozone economy of possible fresh sanctions against Russia following the downing of Flight MH17.

In afternoon Tokyo trade, the single currency bought $1.3464 and 136.54 yen, down from $1.3465 and 136.62 yen in New York late Tuesday.

Australian inflation came in at 0.5 percent in the three months to June, official figures showed Wednesday, giving the country's central bank room to keep interest rates at a record-low to support the economy.

The consumer price index (CPI) had lifted 0.6 percent in the previous quarter, the Australian Bureau of Statistics (ABS) said.

Syria's oil and gas industries have suffered total losses of $21.4 billion since the outbreak of the country's war three years ago, Oil Minister Suleiman Abbas said Tuesday.

"The circumstances the country is going through have caused considerable losses to the oil and gas sectors," said Abbas in a statement.

Portuguese Economy Minister Antonio Pires de Lima admitted on Monday that a crisis engulfing the giant Banco Espirito Santo group could affect the country's recovery, but insisted Portugal's "upturn is stronger".

"The crisis in the Espirito Santo group will not do us good, but the recovery is stronger and it is there to stay," he told journalists.

The yen eased in Asia Tuesday as news that pro-Russian rebels had handed over the black boxes of Flight MH17 eased concerns about the Ukraine crisis.

The losses in the Japanese unit, which is considered a safe bet in times of economic and political uncertainty, were in line with a regional stock market rally as confidence returned to financial markets.

Credit Suisse Tuesday posted a net second-quarter loss of 700 million Swiss francs (576 million euros, $778 million) as a multi-billion-euro U.S. tax evasion fine sent it deep into the red.

The Swiss banking giant paid a $2.6 billion settlement to U.S. authorities in May over tax evasion charges -- helping thousands of wealthy Americans hide money in offshore accounts to avoid taxes. 

Billionaire James Packer, one of Australia's richest men, on Tuesday announced he was setting up a philanthropic foundation to give away Aus$200 million (US$188 million).

The casino tycoon, who runs worldwide gambling empire Crown, said the cash would go to charities promoting the arts and those supporting the broader community, particularly indigenous education.

Japan on Tuesday cut its fiscal year growth forecast for the world's number three economy, blaming weak exports and rising imports as well as the impact of April's sales tax hike on consumer spending and business confidence.

The Cabinet Office said it now expects expansion of 1.2 percent in the year to March, compared with a previous estimate of 1.4 percent.

Russian stock markets fell on Monday as investors expressed alarm at the escalating crisis in Ukraine following the Malaysian plane disaster and the prospects of tougher sanctions doing more damage to the Russian economy.

Moscow's ruble-denominated Micex stock exchange was down 1.27 percent in late morning trading, while the dollar-denominated RTS was down 1.32 percent.

Malaysia Airlines is in uncharted territory after the disappearance of Flight 370 in March with 239 people aboard was followed this week by the downing of another of its jets, carrying 298 people, over Ukraine.

Before the disasters the carrier had among the worst financial performance of any airline. An even bigger question mark now hangs over the future of Malaysia Airlines, with its brand tied to two almost unfathomable tragedies.